ACA rate changes for Alabama policies in the individual market

Contact: Jennifer Bowen
(334) 269-3550

7/23/2021

The Affordable Care Act (ACA) requires that insurers planning to increase plan premiums submit their rates to the Alabama Department of Insurance for review.

The rate review process is designed to improve insurer accountability and transparency. It ensures that experts evaluate whether the proposed rate increases are based on reasonable cost assumptions and solid evidence. The ACA also requires that a summary of rate review justifications and results be accessible to the public in an easily understandable format. The Federal HealthCare.gov Rate Review website is designed to meet that mandate.  For more information, see https://ratereview.healthcare.gov/.

The information is provided in the tables below.  Also attached are links to the redacted actuarial memorandum, which support these changes.  The rate changes are being proposed and reviewed by the Alabama Department of insurance (ALDOI).  As soon as they are final, they may be purchased on the Federal Exchange or through private agents and brokers.  The programs will be effective beginning on January 1, 2022. 

If you wish to submit a comment please use the form available at the following link:  http://www.aldoi.gov/Consumers/FileComplaint.aspx

 

Proposed Rate Changes for Affordable Care Act Policies

In the Individual Market

Changes proposed to be effective January 1, 2022

Blue Cross and Blue Shield of Alabama

Product

Sold on Exchange?

Requested Rate Change

Blue HSA Bronze

On & Off

8.53%

Blue Saver Bronze

On & Off

7.83%

Blue Saver Silver

Off

8.45%

Blue Secure Silver

Off

8.28%

Blue Cross Select Silver

On & Off

6.86%

Blue Value Silver

On & Off

6.86%

Blue Saver Silver EPO

On & Off

0.00%

Blue Cross Select Gold

On & Off

7.98%

Blue HSA Gold

Off

8.44%

Blue Value Gold

On & Off

7.98%

Blue Protect

On & Off

7.12%




Bright Health Insurance Co of Alabama

Product

Sold on Exchange?

Requested Rate Change

Bronze Low Premium

On & Off

-18.35%

Bronze 5100 HSA

On & Off

-19.25%

Bronze $0 PCP, SC & MH

On & Off

-15.40%

Bronze $0 Medical Deductible

On & Off

0.00%

Bronze Lean

On & Off

0.00%

Bronze $0 PCP, SC & MH + Adult

Dental and Vision

On & Off

0.00%

Silver Low Premium

On & Off

-15.35%

Silver Low MOOP

On & Off

-15.40%

Silver $0 Deductible & MH

On & Off

-12.26%

Silver $0 Deductible & MH

Off

0.00%

Silver $0 PCP, SC, MH & Generic

On & Off

0.00%

Silver $0 PCP, SC, MH & Generic

Off

0.00%

Silver Lean

On & Off

0.00%

Silver 4000 HSA

Off

0.00%

Silver $0 PCP, SC, MH & Generic

+ Adult Dental and Vision

On & Off

0.00%

Silver $0 PCP, SC, MH & Generic

+ Adult Dental and Vision

Off

0.00%

Gold $0 PCP, SC & MH

On & Off

-15.21%

Gold $0 Deductible & MH +

Adult Dental and Vision

On & Off

0.00%

Catastrophic

On & Off

-14.85%


UnitedHealthcare Insurance Company

Product

Sold on Exchange?

Requested Rate Change

UHC Bronze Value+

On & Off

0.00%

UHC Bronze Essential+

On & Off

0.00%

UHC Silver Value+ Saver

On & Off

0.00%

UHC Silver Value+

On & Off

0.00%

UHC Silver Advantage+

On & Off

0.00%

UHC Gold Value+

On & Off

0.00%

UHC Gold Advantage+ Extra

On & Off

0.00%



Redacted Actuarial Memorandum for each company:

Blue Cross: https://aldoi.gov/PDF/News/ACABlueCross.pdf

Bright Health: https://aldoi.gov/PDF/News/ACABrightHealth.pdf

United Healthcare: https://aldoi.gov/PDF/News/ACAUnitedHealthCare.pdf